A large number of maturing foreign debts need to be repaid in Asia, and at the same time, international financial speculators have run on them, resulting in insufficient foreign exchange reserves in these countries and forcing them to significantly depreciate their currencies. The form of the new round of financial crisis is not necessarily marked by a shortage in the balance of payments, because today many emerging market countries have relatively high foreign exchange reserves. At the same time, because they have learned the lessons of the Asian financial crisis, these countries have not borrowed on a large scale. Just attracting a large amount of foreign investment through the securities market, however, this does not mean that emerging market countries are not facing financial crises. This financial crisis takes the form of a large amount of capital flowing back, which leads to a substantial reduction in the price of the domestic securities market and the depreciation of the local currency. This has led to a decline in the scale of local investment, a slowdown in economic growth and even a recession. This is a mirror image of the economic surge and asset price bubbles in these emerging market countries a few years ago. The trigger of this new type of financial crisis is likely to be the three Baltic countries. From the three Baltic countries, it may spread to Eastern European countries, then to South Asia, including India, and then to some other emerging market countries. Capital flows cannot be liberalized blindly, and fiscal policy must retain a certain degree of flexibility. Once such a financial crisis occurs, what challenges will the Chinese economy face? It is possible that some foreign capital will flee as they did in other emerging market economies, which will have a certain impact on China's international balance of payments and bring some deflationary pressure to the Chinese economy. However, for the current high-speed A Chinese economy that is running (in fact, running too fast) is not a bad thing. Moreover, this reverse flow of funds will also ease the pressure on RMB appreciation. However, it cannot be denied that this reverse flow of funds will have a certain impact on the scale of domestic investment and will lead to a considerable decline in China's economic growth rate. In addition, the decline in economic growth rate in many emerging market countries will also indirectly affect China's economic growth through the decline in demand for Chinese products. These are the impacts of this new type of financial crisis on the Chinese economy. We must see that the arrival of this emerging financial crisis also contains huge business opportunities for China. When this round of financial crisis occurs, asset prices in many emerging markets will shrink significantly. This will be an excellent opportunity for Chinese funds to go abroad and invest in these countries. This is also the best time for Chinese companies to "go global" and integrate and acquire corresponding companies. Good timing. To this end, the Chinese economic community needs to be prepared in terms of funding and project research. From a macro level, macroeconomic policies must take into account the possibility of this new round of financial crisis. On the issue of capital flows, we must take a steady approach and cannot blindly let go. We must take into account the possibility of a large amount of capital leaving and the resulting consequences. pressure. When a financial crisis occurs, China's economic growth rate will inevitably decline. Our fiscal policy must retain a certain degree of flexibility. On the premise of continuing to implement the current sound fiscal policy, we must do a good job in project and funding Be prepared that once a new round of financial crisis occurs in neighboring countries, China can turn to a proactive fiscal policy and find some investment projects with guaranteed funds and social benefits. In short, the risk of a new round of financial crisis has arrived. The Chinese giant ship moving at full speed must consider the possible impact of the financial crisis, seize opportunities and resolve risks. Our economic development journey will have a bright future.

[Edit this paragraph] Nine points to note during the financial crisis

1: Don’t resign, don’t change jobs, don’t change careers, don’t start a business; 2: Back up a few more companies you can go to Position; 3: Don’t actively ask your boss for a salary increase. Layoffs often start with those with higher wages; 4: Help your friends pay attention to job opportunities and make more introductions, so that when it is your turn to find a job, friends will help you; 5: Save money , buy treasury bonds, or dual-currency deposits, don’t buy stocks; 6: Send money to your parents every month, the economy is not good, the poorer the people, the harder it is; 7: The later stage of the crisis is the most sad, it hasn’t started yet, don’t feel that you Very strong; 8: Don’t get divorced; 9: Even if you don’t feel the crisis yet, you should live tight and use 70% of your previous money to live your current life. 10: Get married early for the most affordable price. What should we do during the financial crisis? People often say that when God closes a door for you, he will also open a window for you. And what I want to say is, when the door in front of us is closed, I hope everyone will not panic too much. The financial crisis happened again in the unusual year of 2008. It is not determined by someone's will. In other words, it is inevitable. There are many things we shouldn't do during a financial crisis. But there is always something we can do. For example: 1. We can hide our strength and bide our time. Taking myself as an example, I am now a teacher, and this profession is really not exciting. I have always wanted to change careers, but it’s not suitable for me to do anything now, so I simply bought a few books and watched some related videos. Gain some knowledge. When the economy is about to turn around, you can take action right away. After all, opportunities are for those who are prepared. 2. What the country has to do is to turn crises into opportunities, and what we people have to do is to find business opportunities in crises. Everything has its own value, whether it is good or bad.

When will the financial crisis be over? This should be what everyone is looking forward to the most, but its end, just like its occurrence, is really not dependent on human will. I hope Obama can give everyone a satisfactory answer. 65% of Americans oppose the US government’s US$700 billion bailout package. The American people pointed out that the big banks first advocated laissez-faire expansion of capitalism, and now when something goes wrong, they demand that the capitalists of the big banks use money from the national treasury to rescue the big banks in a socialist way. However, the people are unemployed, have bankrupt credit, and have lost their houses. In addition, some international scholars believe that US$700 billion is far from enough.

[Edit this paragraph] Two routes to save the crisis

Every time a crisis occurs in the United States, public opinion will predict whether the United States will pass the crisis through war, and there will always be people who blame the previous U.S. presidents. There are many similar cases in the wars launched. The most recent of these was the Clinton administration's air strike code-named "Desert Fox" against Iraq in 1998. Many people believe that the military strike launched on December 17 of that year was to divert attention from the Lewinsky case in the United States. In fact, since the colonial period, Western countries have often diverted domestic crises through wars or conflicts, and the places of crisis often become the source of war. Specifically, this kind of "transfer" method can usually be divided into two categories. One is the indirect route, which is to create conflicts or provoke wars in other areas and cause trouble externally; the other is the direct route, which is to cause trouble to others. Shirtless. What are the benefits of passing on the crisis through war? It can be explained from the following aspects: Politically, war can relieve domestic social pressure and shift the focus of domestic attention. Large-scale war will also lower residents' expectations for domestic livelihood standards to some extent. War is often accompanied by the strengthening of domestic control. For example, after launching the "War on Terror," the Bush administration greatly strengthened its control over public opinion and social life through the "Patriot Act" and other means. From another aspect, this kind of social control can also be used to prevent the negative effects of domestic economic crises. Economically, war can artificially create a domestic economic mobilization situation, and the expansion of the military industry can greatly stimulate domestic demand and expand employment. The military-industrial complex and the political forces that respond to it often support government policies to expand armaments. Judging from the pulling effect of the military industry, currently, every US$130 billion of products produced by US military factories can directly boost GDP growth by one percentage point, and every US$1 billion of additional military production can create tens of thousands of new job opportunities. . This does not take into account the indirect pulling effect of the military industry. More importantly, under the current situation, the production of military products can directly boost the manufacturing industries in the United States that have been most affected by the financial crisis, such as automobiles, aircraft, machinery and other industries. This not only has economic significance, but also has important social and political significance. . The premise of stimulating the economy through military production is that it can ultimately obtain benefits through war, otherwise it will face an embarrassing situation of output but no benefits. During the period of colonialism and early imperialism, every dynastic war and inter-state war was accompanied by huge war reparations. After the Second World War, the benefits of war appeared in a more "hidden" form and were no longer as "naked" as in the past, such as seizing the target country's mineral resources, occupying the target country's market, carving up the target country's foreign assets, etc. It should be noted that the United States is currently at war. However, the wars in Iraq and Afghanistan are obviously not worth the gains, especially because the proportion of war expenses in the two wars is too high, which has hindered the process of the army's replacement, thereby affecting the interests of military industrial enterprises. Even from this perspective alone, there is motivation for the United States to withdraw its troops from Iraq. Perhaps, withdrawing troops from Iraq and then looking for new opponents is more in line with the traditional "war for profit" strategy. Elsewhere in the world, there are potential hotspots that could be the target of such a strategy. Strategies that provoke conflict in other countries can also bring greater political and economic gains. For example, the political dependence of countries involved in a conflict on big countries will deepen, and big countries are usually major military producers. Therefore, most countries involved in a conflict need to purchase arms from big countries, and they often borrow money from big countries at higher interest rates, or at lower rates. sell its foreign assets for cash, etc. During the Russo-Japanese War, Japan borrowed heavily from Britain and the United States. In almost every war, a group of countries have made huge profits from the sale of arms, and they have been "recorded in history" as the beneficiaries of the war.

[Edit this paragraph] Consequences of the financial crisis

In the global financial crisis, Chuyou's import and export industry, which is at the forefront of the storm, has been the most direct and severe impact. First, the crisis has shifted from the financial level to the economic level, directly affecting exports. U.S. consumer spending accounts for more than 70% of GDP. In 2007, U.S. domestic consumption was approximately US$10 trillion, while Chinese consumer spending during the same period was approximately US$1 trillion. In the short term, China's increase in domestic demand cannot make up for the U.S. economy's decrease in import demand from China. According to estimates, for every 1% drop in U.S. economic growth, China's exports to the U.S. will drop by 5% to 6%. Secondly, the subprime mortgage crisis further strengthened the weak position of the US dollar and accelerated the depreciation of the US dollar, thereby reducing the advantage of export products.

The U.S. Federal Reserve's continuous lowering of interest rates and injecting liquidity into banks is in conflict with my country's tightening monetary policy, causing a large amount of hot money to flow into China, accelerating the process of US dollar depreciation and RMB appreciation, thereby reducing the price advantage of China's export products and affecting the US exports pose a challenge. Under the influence of the above factors, China's exports are showing signs of slowing down. In the first half of the year, China continued the trend of decelerating export growth. In terms of export value, the first half of the year increased by 21.87% year-on-year, which was nearly 6 percentage points lower than the 27.55% growth rate in the same period of 2007; in terms of export quantity, the first half of the year increased by 8.44% year-on-year, which was also significantly lower than the 10.11% growth in the same period of 2007. speed. In addition to the decrease in export volume, the default rate of overseas companies has also begun to rise due to the impact of the financial crisis, and the external credit environment for export companies has further deteriorated. According to statistics from the China Export and Credit Insurance Corporation Zhejiang Branch, the amount of reported damage cases received in the first five months was as high as US$30.34 million, a year-on-year increase of 80%; compensation paid was US$8.95 million, a year-on-year increase of 525.6%. Among them, the number of claims increased by 525.6% compared with the same period last year, and the overseas bad debt rate of local companies increased by approximately 268%. Specific to industries, traditional labor-intensive enterprises such as the textile industry have been severely affected. According to data from the General Administration of Customs, in September 2008, textile and apparel exports decreased by nearly US$600 million compared with August, and only increased slightly by about US$300 million compared with the same month last year. Exports in September continued the slight growth trend in August. As the U.S. financial crisis intensifies, textile exports denominated in U.S. dollars have been close to zero growth, exports denominated in RMB exchange rates have continued to grow negatively, and 20% of textile companies have suffered losses. The automobile industry has been affected by the U.S. financial crisis and its overall performance has been sluggish. According to the latest statistics from the China Association of Automobile Manufacturers, from January to August this year, the production and sales of passenger cars were 4.6324 million units and 4.5503 million units, a year-on-year increase of 13.67% and 13.15%. Compared with the same period last year, the growth rate dropped by 8.32 percentage points and 10.94 percentage points respectively. percentage point. Looking at car sales in August, Europe dropped sharply by 16% year-on-year, North America dropped by 15.5%, and Japanese car sales dropped by 14.9%. China's domestic automobile sales fell by 5.4% year-on-year and 6.0% month-on-month; the shipping industry was also deeply affected. Due to the financial crisis, the situation of world ship financing has become increasingly severe. Many banks in Europe have suspended ship financing business, and the proportion of ships booked but not financed has increased significantly. Some shipowners were forced to cancel ship orders. For example, Hong Kong Jinhui Shipping canceled an order for 2 VLCCs from Dalian Shipbuilding Industry, and Athens Oceanaut Inc canceled an order for nine bulk carriers worth US$700 million. Small and medium-sized shipowners in South Korea and India also appeared one after another. In case of order cancellation. In terms of regions, the eastern region has suffered relatively serious losses due to its export-oriented economy. For example, 20,000 to 30,000 large and small factories have recently closed down in Guangdong. The most significant impact was the closure of two toy processing factories under the Hejun Group. 6,500 employees faced unemployment. This was due to the collapse of Chinese entities affected by the financial crisis. The largest case. In terms of exporting countries, the growth rate of China's exports to the United States has declined significantly, while exports to the European Union and Oceania have not been significantly affected. However, exports to developing regions such as Latin America and Africa have shown strong growth. In the first half of the year, The growth rate of China's exports to Latin America and Africa has exceeded 40%, which is much higher than the growth rate of exports to Europe and North America. As the financial crisis further develops and spreads, China's exports to European countries and even some developing countries will also be affected, posing a severe challenge to China's overall export growth. The impact of the financial crisis on the world economy is profound. Data provided by the Institute of Finance of the Chinese Academy of Social Sciences show that the current market size of subordinated bond derivative contracts has been enlarged to nearly 400 trillion US dollars, which is equivalent to 7 times the global GDP. Japanese media reported that the crisis will cause global financial assets to shrink by US$27 trillion. Former Federal Reserve Chairman Greenspan wrote: "One day, people will look back today and rate the current financial crisis in the United States as the most serious crisis since the end of World War II." The impact of the crisis on the real economy has now emerged, and the world economy has declined by several degrees. It’s a foregone conclusion. China is the least damaged developing country in this crisis. The direct losses are relatively small, but the indirect effects cannot be underestimated. Exports will decrease, and as one of the troikas that drive economic growth, its role will begin to weaken; investors' confidence has been shaken, and investment enthusiasm is low; banks are "reluctant to lend" and domestic liquidity is insufficient. At present, expanding domestic demand, especially stimulating consumption, has become a unified economic adjustment approach for the government and academic circles. However, it is obviously "far-fetched" to rely solely on individual economic behavior (individual and household consumption and corporate investment) to promote economic development. Practice has shown that when the economy is in recession, or is expected to decline, (our country is still on a good track, but the economy is declining) the government's expansionary fiscal policy is more effective than monetary policy. It should be said that the abrupt change from the "anti-inflation" policy not long ago to today's "maintaining growth" policy is testing the government's ability to control and control the macroeconomics. Dramatic changes in the economic field have brought about changes in people's psychology, and they are increasingly losing their sense of security. In this sense, this overwhelming financial crisis is nothing less than "9·11" in the U.S. economic field.

Americans have begun to question the decision-making ability of the U.S. government. Poll results released by several U.S. news media on the 23rd showed that 78% of those surveyed believe that the current U.S. national line is wrong. This subtle change in public sentiment will undoubtedly exert "power" in the upcoming fierce US election. Therefore, the two US presidential candidates Obama and McCain spared no effort to criticize the current government's decision-making, and also issued enthusiastic statements. The "magic trick" to solve the economic dilemma is to win over this group of voters. The financial crisis also has a direct impact on personal lives. Inflation, business closures, and economic difficulties have reduced people's ability to pay. This not only increases the number of people who cannot afford to repay their mortgages, but also greatly reduces the quality of life of many people. Since last year, ordinary Americans have been complaining that even daily expenses have to be considered and reduced again and again.

[Edit this paragraph] How Chinese companies respond to the financial crisis

As the "financial tsunami" sweeps the world, how should Chinese companies tap huge business opportunities from the crisis? The "Top Ten Countermeasures" will help Chinese companies stand out! The tears of Wall Street caused the "financial tsunami" to sweep across the world and trigger a global economic recession. At present, a once-in-a-century "financial tsunami" on Wall Street is impacting the global financial system. The five major investment banks on Wall Street in the United States that once dominated the global capital market have been "annihilated." There is no doubt that the overall financial strength of the United States has suffered a heavy setback. So how did the Wall Street crisis evolve? Where does the new financial system go? How will the Chinese government and small and medium-sized enterprises respond calmly? Professor Xu Hongcai, director of the Securities and Futures Research Center of Capital University of Economics and Business, told us that "crisis" is "danger." During this period, some companies will surely seize the opportunity and stand out. This course will present you the entire process of the evolution of the global financial crisis and the impact of the subprime mortgage crisis on China. On this basis, it will provide Chinese entrepreneurs with "Ten Countermeasures", ranging from strategic adjustment, policy interpretation, and development model transformation. , financing strategies, financial risk avoidance and other aspects to lead enterprises to assess the situation, seek advantages and avoid disadvantages, and take advantage of the trend!

[Edit this paragraph] Three secrets for Chinese companies to cope with the financial crisis

The preferred strategy: educate employees and grasp the key: create the company's own brand. The winning move: innovative corporate management

[Edit this paragraph] Financial equipment English term translation

Administrator operation panel administrator operation panel uninterruptable power supply (UPS) cash-out shutter cash-out shutter card reader card reader radio card reader central control board encryption keyboard power distribution box special-purpose electronic equipment industrial control computer LCD screen / plasma screen receipt printer receipt printer log printer log printer monitoring equipment

Then first what is the financial crisis? What caused the financial crisis? Financial crisis, also known as financial crisis, refers to all or all of a country or several countries and regions. Sharp, short-lived and super-cyclical deterioration in most financial indicators (such as short-term interest rates, monetary assets, securities, real estate, land (prices), number of business bankruptcies and number of financial institution failures). It is characterized by the fact that based on people's expectations that the economy will be more pessimistic in the future, the currency value of the entire region has experienced a significant depreciation, the total economic volume and economic scale have suffered greater losses, and economic growth has been hit. It is often accompanied by the collapse of a large number of companies, increased unemployment, general economic depression in society, and sometimes even social unrest or turmoil at the national political level. Before the current U.S. economic crisis, the real estate market in the U.S. was driven by false prosperity and excessive speculation in real estate transactions. The phenomenon can be described with an analogy that is easy for us to understand: Everyone says that stocks make money, and all of us speculate in stocks, and all the money has been invested. If you are not satisfied and still want to borrow money to make money, you will mortgage your stocks to obtain financing and continue to buy stocks. Some banks will provide you with financing without even asking for your mortgage. In this way, a large amount of risks will accumulate. Once one day, the crazy stock trading craze shows signs of subsidence, stocks also fall, many people will cut off their flesh and blood and leave the market because they can't repay their loans, and many people have their mortgaged properties taken away by banks because they can't repay their loans. , and many banks had to admit compensation when the borrowers were unable to repay the debt because they did not retain enough collateral. The chain reaction resulted in personal bankruptcy, credit institution bankruptcy, economic depression, and inflation. The U.S. government wants to curb excessive exuberance. investment, compressed the credit scale, and controlled the driven-up prices, so we adopted a tightening monetary policy, including raising interest rates, and others including increasing bank deposit reserves, issuing bills to absorb funds in the money market, etc. .

The managers of the United States are a group of politicians who have no respect for their ability to manage the country's economy. They are not aware of the patients in their country at all. The policy of rapid and continuous interest rate increases is actually the trigger of this crisis. , this measure made it impossible to repay a large number of loans, triggering a chain reaction of bad debts, causing many financial companies in the United States to fall in a domino-like pattern. Since all financial institutions in the world will not just leave the money there, they will only lend out part of it, not all of it. It is impossible to lend out all of it. In addition, they need to "diversify their investments", so they always Financial institutions in various countries invest in each other. U.S. government bonds, corporate bonds, stocks, and real estate are all investment targets of financial institutions in various countries. Once a crisis occurs in the United States, all foreign investors will also suffer losses, and it will sweep the world. Let’s talk about prices. In the early days of the financial crisis, all prices fell. That was the initial appearance, and everyone was desperate to cash out. For example, people are reluctant to buy milk, so milk dealers sell it at low prices, or even pour the remaining milk into the sewers, killing the cows and selling them for meat. In the current economic crisis, there is a phenomenon in the early stage. It is said that there is a high degree of inflation in the economic crisis, but now everything is falling in price. In fact, this is a necessary process. Now everyone is cashing out, selling commodities and securities for cash, so as not to be passive due to lack of cash in the future. After the cash-out was completed, the crisis entered its most serious stage. After funds were withdrawn, factories were closed, workers lost their jobs, and consumption power declined... This vicious cycle caused a depression in the overall economy. Naturally, the people were greatly affected, and goods were scarce. Prices are skyrocketing, and there are people everywhere who have no food to eat. Finally, there is an interesting question. Someone asked me: "Are there any beneficiaries from this financial crisis?" Haha, this question is very pertinent. I would also like to say by the way that the biggest beneficiary of this financial crisis is precisely the United States! Let’s take a look at the benefits brought about by the crisis: 1. The person in charge of the US government now is George W. Bush of the Democratic Party. He is about to step down, and the person who is about to take office is probably Obama of the Democratic Party. When Bush came to power, the Clinton administration left a fiscal surplus of 146.8 billion U.S. dollars. However, George W. Bush turned the fiscal revenue and expenditure into a deficit of 400 billion U.S. dollars in just two years. It will remain in deficit every year until next year, the last year of his term. For the fiscal year, the deficit is estimated to be as high as $490 billion. This is setting a trap for Obama, a newbie in politics. The bet is that once Obama comes to power, he will not be able to do this term. Either he will be ousted by the Communist Party and the party in the next term, or he will even be finished midway. In addition, if the current bailout of the United States is effective, it may benefit the Communist Party and the party's presidential candidates and reverse the electoral situation in one fell swoop. 2. The economic strength of the United States is mainly reflected in its developed financial industry. Wall Street is the world's financial center, and the U.S. dollar is the world's economic benchmark and the world's unified trade settlement currency. The US industry is showing signs of decline and needs to revitalize its industry, which requires a lower exchange rate level to facilitate export competition. In the United States, due to excessive investment in recent years, the government has passively continued to raise interest rates. High interest rates are not conducive to the depreciation of the US dollar. It should be noted here that the United States is not afraid of the depreciation of the US dollar, but hopes that it will depreciate moderately. And how can we lower the exchange rate? Direct interest rate cut? It is inconsistent with the macro environment to control over-investment. Will we force the yen and the renminbi to appreciate again? Not sure. The euro will not listen to him. What to do? George W. Bush came up with an even more extraordinary trick: raising interest rates. Interest rates were raised 17 times in two years, from 1% to 5.25%, pushing mortgage lenders, real estate credit companies, and banks to the edge of the cliff, creating a financial crisis. The financial industry of the United States is the most developed in the world. Wall Street affects the whole world. If a financial crisis breaks out in the United States, the exchange rate will naturally fall. However, the United States is not worried about its own life because the whole world is in order to use it. If the U.S. dollars in your hands don't become like waste paper, you have to help the United States pass the customs. Even if the world doesn't help much, it can still get through it if the United States uses its own deficit policy and prints money to bail out the market. 3. Have you watched the American TV series "Prison Break"? "Companies" control the government and the politics and economy of other countries because the "corporate partners" can make huge profits from it. So, the amount of profits that the world's richest American financial giants can make through an economic crisis is probably an astronomical figure that we cannot guess.

Who dares to say that the American financial giants are not asking the right debaters together with George W. Bush? Because the financial crisis triggered the depreciation of the US dollar, which caused China's astronomical foreign exchange reserves to evaporate in an instant. This is called an opportunity? I would like to ask my friends on the affirmative side, because the financial crisis has triggered rising prices, life for most people in China has become increasingly difficult. Is this called an opportunity? I would like to ask my friends on the affirmative side, because the financial crisis triggered the bankruptcy of a large number of companies in our country. In just one quarter of the second half of 2008, more than 16,000 factories closed down. Is this called an opportunity? I would like to ask my friend on the affirmative side, because the financial crisis has caused a surplus of human resources, a large number of graduates cannot find jobs. Is this called an opportunity? If we insist on saying that the financial crisis has brought opportunities to China, then the result of seizing these opportunities will be to bring greater challenges to China!

Secretly happy?